STOCK & WIRE TRANSFERS
Many gifts to Triangle are made in the form of stock. By gifting appreciated security directly to a charity like Triangle, a donor is eligible for a charitable deduction for the full market value of the stock, plus he doesn’t have to pay capital gains taxes!
The information below may help you if you are contemplating such a gift this year. Please feel free to share this information with your professional advisers, such as your attorney, CPA, or stockbroker.
When transferring appreciated securities, please notify the Education Foundation of the name and number of shares being transferred in advance of the transaction. We want to make certain that your gift is correctly acknowledged for your tax records, and that you received full credit for your contribution in the Foundation's next Annual Report.
Legal Name:
Triangle Education Foundation
Federal Taxpayer ID Number:
___23-7063427
Mailing address:
120 S. Center Street
Plainfield, IN 46168
Brokerage account name:
Triangle Education Foundation
Brokerage account number:
6606-1092
DTC number:
0164, Code 40
Broker:
Triangle Education Foundation
c/o Charles Schwab & Co., Inc.
AS Document Control
PO Box 982600
El Paso, TX 79998-2600
Contact: Bradford Vannelli
(313) 944-0183 or bvannelli@transcendcapital.com
Fedwire Transfer:
Citibank NA
399 Park Avenue
New York, NY 10022
ABA#: 021000089
FBO: Charles Schwab & Co., Inc. A/C#: 40553953
For further credit to Schwab Client Account #: 6606-1092
GIFTS OF APPRECIATED SECURITIES
Gifts of appreciated securities are frequently given to the Foundation since there are several tax advantages to be realized. First, no capital gains tax needs to be paid on appreciated securities that are contributed. Second, in filing income tax the full current market value of long-term securities (held more than 12 months) may be claimed as a charitable deduction. Contact the Foundation office to get the details on how to transfer securities to the Foundation.